Since it was founded in 2018, Candela has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage. A San Francisco based company focused on generating and storing renewable sources of energy, with a strong portfolio in solar power.
įounded by former First Solar executives, Candela has the most accomplished team developing utility-scale solar power projects in the United States. Over our years working together, the team at Candela has pushed itself to not just develop renewable power and storage projects, but to create projects and find partners that move the entire industry forward in innovative ways that have an impact beyond an individual piece of infrastructure.įor more information on the agreement, please visit. As part of the agreement, Candela will develop a new solar power project, boosting the local economy as a result of the investment and creating new construction and permanent full-time jobs.
The Vulcan Solar Project team plans to host a virtual public meeting on Septemto provide additional information about the project and to answer questions (taking into account current state and local guidance on COVID-19 health practices).Īdditionally, Candela may update this website from time to time to provide new information, including notice of upcoming public meetings regarding the Vulcan Solar Project.Ĭandela’s accomplished team of solar power plant developers has successfully sited, developed and built over 4,100 MW of projects, including solar facilities in Arizona, Nevada, and throughout North America.SAN FRANCISCO-( BUSINESS WIRE)-Candela Renewables announced an agreement with Google for a 140 MW power purchase agreement in Texas, bringing new green energy to the ERCOT power grid. As required by this process, notices will be mailed to all property owners within 300 feet of the project boundaries and signage will be posted on local roads. Candela has submitted a major comprehensive plan amendment request to Maricopa County. Additionally, the project will generate substantial tax revenue, which will be paid to Maricopa County and other jurisdictions.Ĭonstruction may begin as early as 2022, and we anticipate Vulcan Solar could begin operating in late 2023.Ĭandela is working closely with state and local authorities to secure all required approvals and to provide information to the public. Lease revenue received by the Arizona State Land Department will support education systems in Arizona. The project will not preclude access to adjacent properties during construction or operations. As part of the transaction, Naturgy has also entered into a five-year development agreement with Candela Renewables, made up by former directors from First Solar, which has a proven track record in the development of solar and energy storage projects in the U.S, with a team holding over 20 years of experience. In addition to PV panels, the plant will include power conversion equipment and a 34.5/500 kV step-up transformer to deliver power to the grid at the Hassayampa 500 kV switchyard via a short generation tie-line. Vulcan Solar will use state-of-the-art photovoltaic technology to supply clean, carbon-free energy to Arizonans. Candela Renewables, which is based in San Francisco and was founded in 2018 by former First Solar employees, is valued at 80 million-100 million, one of the sources said. Straddling Old Highway 80 between the communities of Arlington and Hassayampa, the project is located primarily on undeveloped land owned and managed by the Arizona State Land Department. Interested parties are encouraged to contact Candela directly for additional information.Ĭandela is proposing to construct a 250 megawatt solar generating facility near the Palo Verde Generating Station in Maricopa County, Arizona.
Here, adjacent property owners, local stakeholders, and the general public will find current information about the project and about Candela. This website introduces the Vulcan Solar Project, currently being developed in Maricopa County, Arizona, by Candela Renewables, LLC, the most accomplished team of utility-scale solar power plant developers in North America. Vice President, Origination Candela Renewables, LLC Director, Development First Solar Project Finance Director Optisolar Technologies.